Eemex Ltd

Eemex Ltd from Manchester UK is a small, active company founded three years ago. It’s a solo venture, employing just one person and managed by a single director and owner. The company operates in the retail sale via mail order houses or via internet industries.

The core of Eemex’s business revolves around tankless water heaters, specifically those manufactured by Rheem and Eemax. Its website showcases a wide range of products, from residential point-of-use heaters to commercial-grade systems for foodservice and industrial applications. The site emphasizes sustainability, offering resources for plumbers and highlighting the benefits of tankless technology. There’s a strong focus on empowering plumbing professionals, with tools, infographics, and training materials available. The website also has a section dedicated to handwashing solutions, with three distinct families of tankless water heaters. Eemax clearly operates as an online retailer and distributor, not a manufacturer itself.

Financially, Eemex Ltd’s picture is a bit concerning. While the company is small (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity has been steadily declining, currently sitting at -£160. Cash reserves are minimal at just £180, and bank borrowings have reached £29,000. Creditors are also substantial at £340, suggesting a reliance on short-term financing. The company’s net current assets and liabilities are both negative. The lack of employees, with only one reported, indicates a very lean operation. With no auditor mentioned, the figures are unaudited.

It's clear that Eemex is facing financial pressures, despite its active status and online presence. The company’s reliance on external financing and negative equity suggest it’s burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen, but Eemex will need to find ways to improve its profitability to ensure its survival.

Registered in England/Wales under the registration number 13577327, with a registered address at M21 7SA, Manchester, 651a Maulden Road West, Chorlton Cum Hardy.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.